The US economy and stock markets are the most sophisticated in the world and nothing illustrates it better than the kind of companies that are listed. Rick’s Cabaret, for instance. It describes itself as operating “upscale adult nightclubs serving primarily businessmen and professionals that offer live adult entertainment, restaurant and bar operations.” Rick’s Cabaret trades on NASDAQ under...
Winners
Among the A-graded stocks, oil marketing company Bharat Petroleum (BPCL) surged 13% during the fortnight, thanks to continuously declining prices of crude oil. Titan Industries, which has plans to open 300 retail stores across the country, for its ‘Titan Eye’ in the coming three years was up 8%. The next stock which ended the fortnight on a positive note was Godrej Consumer Products...
Fund of funds (FoFs) attempt to capture the best of fund management expertise by investing in the units of mutual funds rather than buying stocks directly. They ought to be super fund managers. How have these funds done over the past one year? There are 37 FoFs of which only 29 have been in existence for more than a year. We considered the absolute returns of these 29 funds over a one-year...
